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Ellex and Deloitte Legal Advise on Silverlake Axis Limited Acquisition of X Infotech

Ellex and Deloitte Legal Advise on Silverlake Axis Limited Acquisition of X Infotech

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Ellex Latvia has advised Silverlake Axis Ltd on the acquisition of 80% of the equity interest in SIA X Infotech Group. Deloitte Legal advised Novaltisco Investments Limited, a shareholder of SIA X Infotech Group, on the sale.

According to Ellex, “this acquisition brings together complementary product portfolios, business strategies, and expands geographical presence to allow both entities to better support existing customer bases and pursue new customers.”

Silverlake Axis Ltd is a provider of digital economy solutions and services to organizations in banking, insurance, payments, retail, and logistics industries. 

SIA X Infotech provides software solutions for issuance and verification of electronic identity documents. The company is headquartered in Latvia with subsidiaries in Latvia and Kenya.

The Ellex team consisted of Senior Partner Raimonds Slaidins, Associate Partner Irina Kostina, Senior Associates Reinis Sokolovs, Andris Lazdins, and Edvijs Zandars, and Associate Kaspars Olsevskis.

The Deloitte Legal team consisted of Partner Maris Liguts, Managing Associate Ivita Samlaja, and lawyer Santa Dzenite. 

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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